Bank of Nova Scotia bought a new stake in shares of Wyndham Destinations (NASDAQ:WYND) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 58,700 shares of the company’s stock, valued at approximately $2,599,000.

Several other institutional investors have also made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new position in Wyndham Destinations in the second quarter worth $103,000. Alps Advisors Inc. bought a new position in Wyndham Destinations in the second quarter worth $287,000. CENTRAL TRUST Co bought a new position in Wyndham Destinations in the second quarter worth $110,000. Huntington National Bank bought a new position in Wyndham Destinations in the second quarter worth $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Wyndham Destinations in the second quarter worth $146,000.

Shares of NASDAQ:WYND opened at $43.22 on Wednesday. Wyndham Destinations has a 1-year low of $40.00 and a 1-year high of $57.67.

Wyndham Destinations (NASDAQ:WYND) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.05. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the business earned $1.53 earnings per share. Wyndham Destinations’s revenue was up 3.0% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.64 annualized dividend and a dividend yield of 3.79%.

In other Wyndham Destinations news, insider Michael Dean Brown acquired 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were bought at an average cost of $45.20 per share, with a total value of $271,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Herrera sold 747 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $44.61, for a total value of $33,323.67. The disclosure for this sale can be found here.

WYND has been the subject of a number of research reports. Wolfe Research initiated coverage on Wyndham Destinations in a report on Friday, June 1st. They issued a “market perform” rating for the company. Oppenheimer reduced their price target on Wyndham Destinations from $135.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, June 4th. Stifel Nicolaus reduced their price target on Wyndham Destinations from $131.00 to $60.00 and set a “buy” rating for the company in a report on Monday, June 4th. Goldman Sachs Group began coverage on Wyndham Destinations in a report on Monday, June 4th. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. began coverage on Wyndham Destinations in a report on Wednesday, June 6th. They set a “neutral” rating and a $52.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $58.71.

Wyndham Destinations Company Profile

Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.

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Institutional Ownership by Quarter for Wyndham Destinations (NASDAQ:WYND)

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